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Exceptional downtown Paso Robles investment opportunity fully leased to Pearce Services, LLC, now part of CBRE following CBRE's acquisition of Pearce Services. The property consists of an approximately 19,757 SF three-story office headquarters building situated on an approximately 30,000 SF parcel at 1222-1224 Vine Street. The property is leased through November 30, 2029 under a net lease structure with scheduled 3% annual rent increases, generating current annualized base rent of approximately $479,270 and an approximate 8.33% cap rate at the $5,750,000 asking price. Originally developed as the Heritage Oaks Bank Administration Building, the asset features strong institutional-quality improvements, attractive architecture, and functional multi-floor office layouts. Additional offsite parking rights are included through an existing parking sublease agreement. Excellent downtown Paso Robles location within walking distance to restaurants, hotels, retail, and civic amenities. Strong long-term investment opportunity with corporate tenancy and built-in rental growth.
| Last Updated | 5/15/2026 | Year Built | 2006 |
|---|---|---|---|
| Community | PRIC - PR Inside City Limit | County | San Luis Obispo |
Additional Details
| AREA | PRIC - PR Inside City Limit |
|---|---|
| LOT | 0.6887 acre(s) |
| LOT DESCRIPTION | Level |
| LOT DIMENSIONS | 30000 |
| STORIES | 3 |
| WATER | Public |
Location
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 5/17/26 1:30 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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